LONDON, ON, and TORONTO, ON, Nov. 17, 2015 /CNW/ - Ontario's Superior
Court of Justice has granted leave to commence a shareholder action
pursuant to section 138.3 of the Ontario Securities Act against BlackBerry Limited (TSX: "BB"; NASDAQ: "BBRY"), its former CEO
Thorsten Heins, and its former CFO Brian Bidulka by order dated
November 17, 2015.
The plaintiff was granted leave to pursue claims in respect of alleged
misrepresentations in BlackBerry Limited's financial statements and
management's discussion and analysis of financial condition and results
of operations released between March 28, 2013 and June 28, 2013.
The plaintiff has also brought a motion to certify the action under the Class Proceedings Act, which is now scheduled to be heard in January of 2016. That motion
seeks to certify the action for a class including all persons who
acquired the securities of BlackBerry Limited between March 28, 2013
and September 20, 2013.
A copy of the Court's reasons for granting leave may be found at: http://www.siskinds.com/blackberry-2/
Siskinds LLP represents the plaintiff in this proceeding. The Siskinds
securities class actions team has offices in London, Toronto, and
through its affiliate Siskinds, Desmeules, in Montreal and Québec City.
The team, comprised of 15 lawyers admitted to practice in Ontario,
Quebec, New York State, and the state of Queensland in Australia, acts
exclusively for investors.
SOURCE Siskinds LLP
For further information:
Additional information may be obtained by visiting http://www.siskinds.com/blackberry-2/ or by contacting Nicole Young at email@example.com or 1-800-461-6166 x 2380.
Tel: (519) 660-7872